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Business Insurance

Commercial Vehicle Insurance

Commercial vehicle insurance is mandatory for owners of commercial vehicles such as lorries, container trucks, tourist buses, taxis or public light buses. It covers the legal liability of the vehicle owner and the driver against bodily injury to a third party caused by negligence.

 

Commercial vehicle insurance covers the repair work costs for any accidental damage of the vehicles and the medical expenses for injured drivers. In the event of serious damage, this insurance will also cover the costs of replacing the vehicle.

 

According to the Motor Vehicles Insurance (Third Party Risks) Ordinance, commercial vehicle owners are obligated to arrange a motor third party death and bodily injury insurance policy with a minimum compensation limit of HK$100 million.

 

General insurance information is provided by Convoy Financial Services Limited (A licensed insurance broker company with Hong Kong Insurance Authority Licence No. FB1360 and a registered MPF Intermediary of Mandatory Provident Fund Schemes Authority with the MPF Registration No. IC000105) and/or Convoy Financial Solutions Limited (A licensed insurance broker company with Hong Kong Insurance Authority Licence No. FB1246).

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